Charitable expenditure u/s 11 on university courses qualifies for exemption, aligning with society's objectives and statutory provisions.

Charitable expenditure u/s 11 on university courses qualifies for exemption, aligning with society's objectives and statutory provisions. https://www.taxtmi.com/highlights?id=50679 Expenditure incurred for charitable purpose u/s. 11 - asset created on the funding of the appellant is used for the courses of the university and not by the appellant. - the expenditure has been incurred as per the object of the society and in terms of a statutory provision of another trust having similar object - Benefit of exemption allowed. en-us Thu, 12 Dec 2019 12:50:32 +0530 Thu, 12 Dec 2019 12:50:32 +0530 TaxTMI RSS Generator Charitable expenditure u/s 11 on university courses qualifies for exemption, aligning with society's objectives and statutory provisions. https://www.taxtmi.com/highlights?id=50679 Expenditure incurred for charitable purpose u/s. 11 - asset created on the funding of the appellant is used for the courses of the university and not by the appellant. - the expenditure has been incurred as per the object of the society and in terms of a statutory provision of another trust having similar object - Benefit of exemption allowed. Highlights Income Tax Thu, 12 Dec 2019 12:50:32 +0530 https://www.taxtmi.com/highlights?id=50679